LaSalle renames new U.S. debt platform

LaSalle Investment Management has completed the majority acquisition of the $1.2 billion debt fund business of Latitude Management Real Estate Investors.

Upon closing, the Latitude business has been transferred into LaSalle’s North America Private Equity platform and has been re-named LaSalle Mortgage Real Estate Investors.

As previously announced, Glenn Sonnenberg, LMREI president and CEO, and Chip Sellers, executive vice president, along with Craig Oram and Brett Mayer, managing directors, will continue to lead the day-to-day business and LMREI’s 20 employees will continue to operate under the same structure, systems and processes to provide continuity for all the firm’s stakeholders. The senior management team has retained an ownership position in LMREI, executed multi-year employment agreements and will be actively involved in the ongoing strategy, product development and growth planning process.

LMREI is a commercial real estate lender providing short